New Fortress Energy Stock Is Surging After The Bell: What’s Going On?

New Fortress Energy Inc (NASDAQ:NFE) reported fourth-quarter financial results after the market close on Monday. Here’s a rundown of the report.

• Q4 Revenue: $679 million, versus estimates of $602.31 million

• Q4 Adjusted EPS: 13 cents, versus estimates of 4 cents

New Fortress Energy reported fourth-quarter adjusted EBITDA of $313 million and a net loss of $224 million. The company said the quarterly loss was primarily driven by costs incurred with refinancing debt. New …

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